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Phone: 407.682.4111 Fax: 407.682.5511 Cell: 407.467.5832
 
 

 

 

The Myths of Medicaid

These myths keep people that need services from receiving them because they and/or their providers do not understand the use of a Special Needs Pooled Trust.

Have you heard these Misconceptions about Medicaid?

  1. If you need a nursing home, Medicaid will take your house.

    Fact:Medicaid cannot take your house, and does not want to.

     

  2. If you transfer assets you have to wait 36-60 months to qualify for Medicaid.

    Fact: By utilizing a Pooled Special Needs Trust you can apply for Medicaid immediately.

     

  3. You have to "spend down" or give away your assets.

    Fact: This is not true. Assets over Medicaid limits can be sheltered with a Special Needs Trust.

     

  4. You can not qualify for Medicaid if you have too much Income.

    Fact: This is not true. Income over Medicaid limits can be placed in a Special Needs Pooled Trust and you will qualify for Medicaid.

     

    Not everyone needs a Pooled Trust, call or E-mail us today to see if we can help you protect you or you client from unnecessary loss of income and assets.

     

    Office: 407-682-4111          info@aged501.org

 

 

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Send mail to webmaster@aged501.org with questions or comments about this web site.
Copyright © 2008 AGED
IT services for AGED provided by TechQuility.Net